London-based Hop Stuff Brewery has completed its latest equity crowdfunding round on Crowdcube with more than £775,000 in funding from more than 1,000 investors. The campaign was launched last month and quickly secured its initial £400,000 funding target. The funding round made its debut less than five years after the brewery secured £58,120 through its first Crowdcube campaign.
As previously reported, Hop Stuff Brewery was founded in 2013 with a mission to make craft beer more “approachable” to everyday people.
“We focus on social experiences and work with pubs and bars across the UK (and around the world) to ensure people can enjoy a great beer without feeling daunted by the crazy world of Craft Beer. To our knowledge we are the only London brewery to be investing heavily in a Taproom expansion, aiming to open at least 8 by the end of 2019! Our Taprooms allow us to help people experience our beer in the way we want! With a new 65hl brewhouse to support our network, high internal sales as well as a growing international business we believe that Hop Stuff Brewery is the best placed brewer in the UK for rapid expansion.”
The brewery also claimed it is one of the major players in London’s craft beer industry and it has been approached for acquisition. All funds from the Crowdcube campaign will be used to continue Hop Stuff’s expansion. The breakdown of the funds is featured below.
- Original £400,000: Taproom expansion, 2 new sites and working capital for each
- Overfund £500,000: Taproom expansion and new Lab Equipment for HSB allowing us to reach BRC standards sooner
- Overfund £600,000: Taproom expansion, Lab Equipment, Investment into foreign markets to increase our footprint overseas in Asia and North America specifically
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